World's Richest 62 People Are As Wealthy As The Poorest 50 Percent
An Oxfam International report says the world's richest have seen their wealth rise by more than $500 billion in the last few years.By Matt Moreno | January 18, 2016
The gap between the poor and extremely rich is widening, and it's a troubling trend, according to a new report.
The annual Oxfam International report says the world's 62 richest people have the same amount of wealth as the bottom 50 percent of the world. For comparison, it took 80 billionaires last year to make up half the world's wealth. Further back in 2010, that number was 388.
According to the report, there's been a drastic change of the rich getting richer and the poor getting poorer.